The expectations of the government of Kyrgyzstan and the National Bank of Kyrgyzstan were quite optimistic. In 1996, despite of fiscal problems, further macroeconomic stabilization (i.e., reduction of the annual rate of inflation) and a stable rise of production were expected. However, as it is...

The Kyrgyz Republic is one of the largest recipients of international remittances in the world; from a Balance of Payments measure of remittances, it ranked tenth in the world in 2008 in the ratio of remittances to GDP, a rapid increase from 30th place in 2004.Remittances can be used to maintain...

The paper looks at a five-year experience of the membership of the Kyrgyz Republic in WTO. It provides an analysis of the pre-accession trade policies, the commitments taken by the Government of the country in the accession process and the post-accession record of foreign trade and investments...

Kyrgyzstan is the most advanced state in Central Asia in the area of radical reforms aimed at the reconstruction of the economic system. These reforms concern the entire banking system and its role in the transformation process. The purpose of this study is to outline the changes which have...

This article describes Kyrgyzstans achievements in the stabilization and liberalization of the economy and the majority of progress in this area that occurred in the first half of 1994. One may include Kyrgyzstan in the group of states that have adopted the radical variant of transition to...

The purpose of the paper is to develop a formal method for monitoring and assessment of the process of sustainable national development. In particular, we apply cluster analysis to develop procedures of formal assessment of development gaps, and show how they can be applied for monitoring...

This paper presents a cross-country comparative study of corporate governance forma-tion in four transition countries that differ significantly in the reform design, implementation, and outcome. The analysis showed that corporate governance formation in these countries is characterized by both...